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Economic Pulse

Economic Pulse

May 2021

The Bank of Ireland Economic Pulse came in at in 89.5 in May 2021. The index, which combines the results of the Consumer and Business Pulses, was 4.1 higher than last month and up 45.6 on a year ago.

With a further loosening of restrictions on social interactions, the resumption of inter-county travel, some sectors emerging from lockdown – the remainder of construction, personal services and non-essential retail (by appointment) returned during the May survey period – and others getting ready for lift-off, the consumer and business mood brightened this month. The increase in opportunities to spend lifted household buying sentiment, while firms saw their order books improve.

Economic Pulse

May 2021

KEY POINTS

  • Economic Pulse rises in May
  • Fourth consecutive gain
  • Consumer and business confidence both up

Economic Pulse

May 2021

Economic Pulse

May 2021

89.5

+4.1 on previous index reading

Economic Pulse

May 2021

“Re-opening optimism took the Economic Pulse back above its pre-pandemic level in May.”

Dr Loretta O’Sullivan
Group Chief Economist
Bank of Ireland

Economic Pulse

May 2021

Pulse Trends

 

 

Economic Pulse

May 2021

Making the economic Pulse